The turnover in management consultancy activities in France stood at 5.38 billion euros in 2023. The sector has shown variability in its growth over the past decade. Notable fluctuations include a peak in 2015 with a 23.73% year-on-year increase, followed by significant drops in 2017 and 2018. More recently, the turnover grew by 2.37% year-on-year in 2023, maintaining an average CAGR of 4.69% over the last five years. Looking ahead, the forecasted growth for 2024 and beyond sees a steady but slower increase with an expected CAGR of 1.69% through 2028 and a total growth rate of 8.75% over this period.
Future trends to watch for:
- Continued digital transformation driving the demand for management consultancy services.
- Economic uncertainties potentially impacting the growth trajectory in the near term.
- Increasing specialization and niche markets within management consultancy.